Streetbeat News

Legal

ACHC

Acadia Healthcare shares are declining due to a report that the Veterans Department is investigating the company for insurance fraud.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 6:56 pm

ACHC

Acadia Healthcare is under investigation by the Veterans Affairs Department and other federal agencies for potential insurance fraud. The company is accused of holding patients longer than medically necessary to defraud government health insurance programs. Acadia is cooperating with authorities but denies any wrongdoing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 6:55 pm

GOOGL

A U.S. judge has granted Google's request to temporarily pause an injunction that ordered app store reforms in the Epic Games case. This development is significant for Google as it impacts their app store operations.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 6:49 pm

VEV

Vicinity Motor Corp. (NASDAQ:VEV) is facing significant financial distress as RBC plans to file a receivership order, PricewaterhouseCoopers resigns as auditor, and the BC Securities Commission is expected to cease trading of its stock by October 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:57 pm

BEN

The Department of Justice (DOJ) is intensifying its investigation into Ken Leech, with Wamco clients being questioned. This development could have implications for Franklin Resources, Inc. (BEN), as it is potentially linked to the probe.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:30 pm

DJT

SPY

A federal judge has unsealed over 1,800 pages of documents in the case against Donald Trump related to the January 6 election incident. This follows Judge Chutkan's decision to reject Trump's request to delay the release until after the November 5 election. Trump is facing charges of conspiring to overturn the 2020 election results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 3:17 pm

ASPO

Amer Sports is facing a legal challenge in Norway as the Oslo District Court has prohibited the company from selling certain products in the Norwegian market. Amer Sports disagrees with the ruling and plans to appeal the decision.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2024 | 11:24 am

PM

Philip Morris International Inc. (PMI) and its Canadian affiliate, Rothmans, Benson & Hedges Inc. (RBH), along with Imperial Tobacco and JTI-Macdonald, face a CAD 32.5 billion (USD 23.5 billion) settlement in Canada for tobacco-related claims. The settlement involves upfront payments and annual payments based on net income, excluding non-combustible products.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:06 am

GOOG

GOOGL

Google's search leadership is undergoing a reshuffle as Prabhakar Raghavan steps down, with Nick Fox taking over. This change comes amid challenges from AI competitors like OpenAI and legal pressures. Google's search dominance is under scrutiny, including its deal with Apple and potential antitrust actions.

Portfolio Pulse from Benzinga Neuro

October 18, 2024 | 4:17 am

AXP

MRNA

NFLX

TSLA

TSM

Netflix, TSMC, American Express, Moderna, and Tesla are in focus due to recent financial and operational updates. Netflix reported strong Q3 results but saw a stock decline. TSMC's shares surged on impressive revenue growth. American Express is set to report earnings soon. Moderna faces a patent lawsuit, and Tesla has made executive promotions.

Portfolio Pulse from Benzinga Neuro

October 18, 2024 | 2:31 am